# Clelland & Company

Clelland & Company is a Multi Family Office based in La Jolla, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** La Jolla, United States
- **Region:** North America
- **Address:** 5151 Shoreham Place Suite 130, San Diego, CA 92122, United States
- **Founded:** 1989
- **Assets under management:** Over $350M (per the firm), estimated ~$432M (Altss estimate)
- **Website:** clelland.com

## Regulatory record

- **CRD number:** 105406
- **SEC file number:** 801-34425
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/105406

## About

Clelland & Company, Inc. was founded in 1989 by John Clelland and operates as a Registered Investment Advisor from a single office in San Diego. The multi-family office manages wealth for a select group of clients concentrated in the western United States. The firm's model does not trace to a single industrial fortune but has grown organically across more than three decades, serving affluent families, private foundations and endowments. The firm pursues a manager-of-managers approach, emphasizing strategic asset allocation and risk-adjusted performance. Clelland constructs diversified portfolios by selecting third-party institutional funds, spanning public equities, fixed income, private capital, real estate and hedge funds, with a geographic focus on North America. Client capital flows into fund commitments rather than direct co-investments. The architecture is designed to coordinate investment management with tax, estate and philanthropic planning, delivering consolidated reporting across all asset classes. The La Jolla office at 5151 Shoreham Place operates with a tight-knit professional team and discloses no additional offices. The firm's internal research estimated assets under advisement climbed to roughly $432 million (Altss estimate), up from the $350 million the firm confirms on its website. Clelland does not separately vehicle its philanthropy, but its advising of private foundations is integrated into the core family-office service. The firm's structural differentiator is its pure outsourced-CIO posture for multi-generational families who lack internal investment staff. Rather than competing with large single-family offices or institutional platforms, Clelland occupies a niche where families retain a single fiduciary that selects, monitors and replaces external fund managers across a full balance sheet. This architectural choice makes the firm's own survival contingent on manager access and ongoing due diligence rather than proprietary deal flow.

## Sectors

- Fund of Funds
- Private Credit
- Hedge Funds
- Real Estate

## Questions

### Does Clelland & Company run internal investment strategies or only select outside managers?

The firm explicitly applies a manager-of-managers approach, meaning it does not operate proprietary internal hedge funds, venture strategies or direct private equity funds. Its role is to identify high-quality third-party institutional fund managers, allocate client capital across them, and provide consolidated strategic oversight. This keeps the firm agnostic and focused on due diligence rather than product manufacturing.

### What asset classes does Clelland & Company allocate to?

Clelland constructs multi-asset portfolios spanning public equities, fixed income, private capital, real estate and hedge funds. The firm's disclosure confirms fund-of-funds structures, which serve as the implementation vehicle across these asset classes. Allocations are concentrated within North America and selected for their risk-adjusted characteristics relative to each client's strategic plan.

### What is Clelland & Company's geographic footprint?

The firm operates from a single office in La Jolla, California, and serves clients concentrated throughout the western United States. No additional domestic or international offices are maintained. Its manager-of-managers model inherently provides access to global asset managers even though the firm's own physical presence is local.

## Related profiles

- [C & V Family Office](https://altss.com/profile/c-and-v-family-office)
- [Bachow & Associates](https://altss.com/profile/bachow-and-associates)

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Last updated: 2026-07-10T21:49:08.000Z

Canonical page: https://altss.com/profile/clelland-and-company-inc

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